2013-05-14T15:19:23-05:00 2012-06-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD SUITE 1000 GREENWOOD VILLAGE CO 80111 990 2011-07-01 846038137 COLORADO BALLET COLO 3038378888 1278 LINCOLN STREET DENVER CO 80203 MARIE BELEW WHEATLEY 3038378888 2013-05-13 1 KIM HUNWARDSEN CPA P00484560 3037705700 2013-05-13 2011 2016-02-24 21:20:13Z MARIE BELEW WHEATLEY 1278 LINCOLN STREET DENVER CO 80203 6752543 0 X WWW.COLORADOBALLET.ORG X 1961 CO PRESENTING CLASSICAL BALLET & INNOVATIVE DANCE THAT ENHANCES THE CULTURAL LIFE OF OUR COMMUNITY. 52 51 202 300 0 0 2000576 2429449 3905226 4125993 -164682 1464 214391 111743 5955511 6668649 0 12175 0 0 3063029 3236462 0 6376 337325 3010286 3195710 6073315 6450723 -117804 217926 1088235 951804 1707564 1353207 -619329 -401403 X OUR MISSION IS TO PRESENT EXCEPTIONAL QUALITY CLASSICAL BALLET AND INNOVATIVE DANCE THROUGH PERFORMANCES, TRAINING AND EDUCATION PROGRAMS THAT ARE INTEGRAL TO THE CULTURAL LIFE OF OUR COMMUNITY. 0 0 3479914 3533840 PERFORMANCES: COLORADO BALLET REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON FEATURES TECHNICALLY-CHALLENGING CLASSICAL BALLET WITH INNOVATIVE CONTEMPORARY PREMIERS. OUR 30 PROFESSIONAL DANCERS COME FROM ALL OVER THE WORLD, INCLUDING JAPAN, RUSSIA, ESTONIA, CUBA, CANADA, FRANCE AND THE UNITED STATES. THE BALLET COMPANY PERFORMED 55 SHOWS OF 4 DIFFERENT PRODUCTIONS. THE 2011-2012 SEASON OPENED OCTOBER 2011 AND CLOSED APRIL 2012 SERVING A TOTAL AUDIENCE OF APPROXIMATELY 83,598 PEOPLE. OF THIS, 1659 TICKETS WERE GIVEN FOR THE ARTREACH CHARITY PROGRAM, FOREGOING $98,912 IN REVENUE. THE BALLET ALSO PARTICIPATED IN THE 5 BY 5 CHARITY PROGRAM, SERVING 1351 INDIVIDUALS DURING THE SEASON, FOREGOING AN AVERAGE OF $44,583 IN PERFORMANCE REVENUE. 718247 12175 672562 EDUCATION AND ACADEMY: COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND OUTREACH PROGRAMS THAT SERVE STUDENTS, TEACHERS, FAMILIES, PEOPLE WITH DISABILITIES AND LIFELONG LEARNERS OF COLORADO. THE MISSION IS "EVERY. BODY. DANCE!" THE GOAL IS TO MAKE DANCE ACCESSIBLE TO EVERYONE, TO PROMOTE DANCE AND MOVEMENT AS PART OF A HEALTHY LIFESTYLE, TO ENCOURAGE CREATIVITY AND EXPRESSION THROUGH DANCE, AND TO FOSTER AN APPRECIATION FOR BALLET. COLORADO BALLET'S EDUCATION AND OUTREACH PROGRAMS HAD MORE THAN 60,000 CONTACTS IN THE COMMUNITY DURING THE 2011-2012 SEASON AND ARE CHARITABLE IN NATURE.COLORADO BALLET ACADEMY PROVIDES TRAINING TO STUDENTS AGE 3 THROUGH ADULT, BEGINNER THROUGH PROFESSIONAL, UTILIZING THE FAMED VAGANOVA METHOD OF BALLET TRAINING. THE ACADEMY HAS HONED THE DANCE SKILLS OF THOUSANDS OF STUDENTS, AS WELL AS STARTED THE CAREERS OF MANY PROFESSIONAL DANCERS. THE ACADEMY PROVIDES THE HIGHEST QUALITY DANCE TRAINING TO ALL STUDENTS IN A PROFESSIONAL ENVIRONMENT AND OFFERS TWO LOCATIONS - THE CENTRAL ACADEMY IN DOWNTOWN DENVER AND THE SOUTH ACADEMY IN CENTENNIAL. $12,175 IN SCHOLARSHIPS WAS GRANTED DURING THE 2011-2012 SEASON. 4198161 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 37 0 1 202 1 0 0 0 0 0 1 1 0 0 0 0 X 52 51 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CO X X MARK CHASE 3038378888 1278 LINCOLN STREET DENVER CO 802032114 MERRY LOGAN 2.00 X X 0 0 0 JEAN ARMSTRONG 2.00 X X 0 0 0 HOLLY BAROWAY 2.00 X X 0 0 0 RAYDEAN ACEVEDO 2.00 X 0 0 0 JENNIE VIRGILIO 2.00 X 0 0 0 AIMEE SPORER CAPLIS 2.00 X 0 0 0 JOANNE POSNER-MAYER 2.00 X 0 0 0 DON JAKSA 2.00 X 0 0 0 DUKE HARTMAN 2.00 X 0 0 0 SUSAN BAILEY 2.00 X 0 0 0 CAMI COOPER 2.00 X 0 0 0 JOAN LAZZELL 2.00 X 0 0 0 LISA LEVIN APPEL 1.00 X 0 0 0 LACEE ARTIST 1.00 X 0 0 0 BRENT BACKES 1.00 X 0 0 0 MARY LOU BLACKLEDGE KORTZ 1.00 X 0 0 0 GLENEEN BRIENZA 1.00 X 0 0 0 SARAH SEMPLE BROWN 1.00 X 0 0 0 JENNIFER E COLLINS 1.00 X 0 0 0 CASEY CORTESE 1.00 X 0 0 0 WENDEE N CROWLEY 1.00 X 0 0 0 SANDY ELLIOTT 1.00 X 0 0 0 STEPHANIE FOOTE 1.00 X 0 0 0 NANCY HICKEY 1.00 X 0 0 0 ANNE M HILLARY 1.00 X 0 0 0 AUNA JORNAYVAZ 1.00 X 0 0 0 EMMA KEYSER 1.00 X 0 0 0 HENNY LASLEY 1.00 X 0 0 0 CINDY MEANY 1.00 X 0 0 0 PAUL MUELLER 1.00 X 0 0 0 SALLY MURRAY 1.00 X 0 0 0 MARC MUSYL 1.00 X 0 0 0 JANE NETZORG 1.00 X 0 0 0 MONICA OWENS 1.00 X 0 0 0 BARBARA R REED MD 1.00 X 0 0 0 DAVE RAMSAY 1.00 X 0 0 0 CHERI RUBIN 1.00 X 0 0 0 SUZAN SCHLATTER 1.00 X 0 0 0 BRAD SONNENBERG 1.00 X 0 0 0 HARRY M STERLING 1.00 X 0 0 0 NANCY STEVENS 1.00 X 0 0 0 TONGA R STIMPSON 1.00 X 0 0 0 WILLIAM J TRYON 1.00 X 0 0 0 CINAMON WATSON 1.00 X 0 0 0 PATRICIA WILSON 1.00 X 0 0 0 RISA L WOLF-SMITH 1.00 X 0 0 0 JOANNE ZBOYAN 1.00 X 0 0 0 DIANE NOLEN 1.00 X 0 0 0 DICK SAUNDERS 1.00 X 0 0 0 ANNA BATES 1.00 X 0 0 0 PAUL MESSINGER 1.00 X 0 0 0 RUTH SILVER 1.00 X 0 0 0 MARIE BELEW WHEATLEY 40.00 X 135000 0 6609 GIL BOGGS 40.00 X 138245 0 21062 273245 0 27671 2 0 1 0 ACCENTURE LLP PO BOX 70629 CHICAGO IL 60673 CONSULTING SERVICES 401130 1 63990 578257 1787202 83214 2429449 PERFORMANCE REVENUE 711120 3453581 3453581 ACADEMY TUITION 711120 666798 666798 5614 5614 4125993 1464 1464 8444 0 8444 8444 8444 75079 63990 43745 31334 31334 112114 40149 71965 71965 6668649 4206402 0 32798 12175 12175 300661 157262 143399 2377105 1921057 304648 151400 31454 30508 946 207018 151541 51501 3976 320224 264837 38882 16505 21300 21300 6376 6376 490341 459678 30663 325426 307149 18277 92600 10270 81964 366 78256 15 78241 318976 236505 82471 37708 35690 2018 3289 3104 185 33484 33484 82445 70527 11918 15730 4958 10772 PRODUCTION EXPENSES 1215339 1141334 19593 54412 EDUCATION PROGRAM EXPEN 317005 47836 264169 5000 OTHER ACADEMY EXPENSE 76270 76270 BAD DEBT 37376 37376 50165 50165 6450723 4198161 1915237 337325 479250 337957 203248 101036 205 66818 9073 22734 32628 2175 1358777 1037693 363831 321084 0 100000 1088235 951804 295901 419604 310543 220979 720000 400000 381120 220446 92178 1707564 1353207 X -1005014 -682747 205377 181344 180308 100000 -619329 -401403 1088235 951804 217926 0 X 0 1 1 X 0 X 2472899 1687184 2123328 2000576 2429449 10713436 5043580 4975252 4353469 4272654 4313186 22958141 7516479 6662436 6476797 6273230 6742635 33671577 833959 216102 923420 593031 466862 3033374 0 833959 216102 923420 593031 466862 3033374 30638203 7635 2783 1911 1849 9908 24086 7635 2783 1911 1849 9908 24086 36040 12190 48230 7524114 6665219 6514748 6287269 6752543 33743893 0.90800 0.90500 0.00070 0.00080 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182437 758 83195 100000 181277 1160 182437 180308 1479 510 181277 180308 180308 1.00000 0 0 62641 62641 0 285602 233242 52360 1010534 741810 268724 321084 CASH RESTRICTED TO PERMANENT ENDOWMENT 100000 100000 6668649 6450723 217926 217926 6693573 37099 37099 6656474 12175 12175 6668649 6475647 37099 37099 6438548 12175 12175 6450723 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO PROVIDE EDUCATIONAL, OUTREACH, SCHOLARSHIP, AND OPERATIONAL FUNDING. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE BALLET IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VIII), AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN PRIVATE FOUNDATION UNDER SECTION 509(A)(2). HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO OUR TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. WE HAD NO UNRELATED BUSINESS INCOME DURING THE YEAR ENDED JUNE 30, 2012. WE PERFORM AN ANNUAL ANALYSIS OF OUR VARIOUS TAX POSITIONS, ASSESSING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UPON EXAMINATION BY RELEVANT TAX AUTHORITIES. WE BELIEVE WE HAVE CONDUCTED OUR OPERATIONS IN ACCORDANCE WITH, AND HAVE PROPERLY MAINTAINED OUR TAX-EXEMPT STATUS, AND HAVE TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WE ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XII, LINE 4B - OTHER ADJUSTMENTS: $12,175 - TUITION ASSISTANCE NETTED WITH INCOME ON THE FINANCIALS PART XIII, LINE 4B - OTHER ADJUSTMENTS: $12,175 - TUITION ASSISTANCE NETTED WITH INCOME ON THE FINANCIALS BALLETO DI GALA 112219 42620 69599 22871 1872 8739 EDUCATION LUNCHEON 26850 21370 5480 10070 193 139069 63990 75079 32941 1872 8932 43745 31334 1 TUITION ASSISTANCE 42 12175 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE AVAILABLE TO ACCEPTED STUDENTS IN THE BALLET PROGRAMS AT COLORADO BALLET ACADEMY. SCHOLARSHIP AWARDS ARE AT THE SOLE DISCRETION OF COLORADO BALLET AND ARE AWARDED FOR THE ENTIRE ACADEMY YEAR AS WELL AS SINGLE SESSIONS. SCHOLARSHIPS ARE GOOD TOWARDS TUITION AND MAY OR MAY NOT INCLUDE REGISTRATION FEES, BUT DO NOT INCLUDE PRODUCTION, COSTUME, OR AUDITION FEES. AWARDS ARE BASED ON THE OVERALL ACADEMY BUDGET FOR ANY YEAR AND CAN RANGE FROM PARTIAL OR FULL TUITION AWARDS. GRANTEES MUST COMPLETE AN APPLICATION, WHICH IS REVIEWED BY THE COLORADO BALLET ACADEMY. RECIPIENTS ARE NOTIFIED OF AWARDS BY EMAIL OR BY LETTER. GRANT FUNDS ARE APPLIED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. THERE IS NO OPPORTUNITY FOR GRANT FUNDS TO BE USED FOR OTHER PURPOSES. SCHOLARSHIP RECIPIENTS ARE EXPECTED TO ABIDE BY ALL ACADEMY POLICIES SET FORTH IN THE STUDENT POLICIES. NON-COMPLIANCE CAN RESULT IN REVOCATION OF THE SCHOLARSHIP. X X 0 0 0 0 0 0 0 0 0 GIL BOGGS 138245 0 0 0 0 0 1382 0 19680 0 159307 0 0 0 RAYDEAN ACEVEDO GENERAL OPERATIONS X 500000 200000 0 1 1 RAYDEAN ACEVEDO GENERAL OPERATIONS X 50000 50000 0 1 1 DUKE HARTMAN GENERAL OPERATIONS X 100000 100000 0 1 1 MARIE WHEATLEY GENERAL OPERATIONS X 50000 50000 0 1 1 400000 SANDRA BROWN FAMILY MEMBER OF AN OFFICER 46266 EMPLOYMENT 0 MARK CHASE FAMILY MEMBER OF A FORMER TRUSTEE 60000 EMPLOYMENT 0 X 6 15464 COST/SELLING PRICE X FURNITURE AND EQUIPMENT 4 12270 COST/SELLING PRICE X PRODUCTION SUPPLIES 2 14280 COST/SELLING PRICE X DONATED TICKETS/TRIPS 21 10950 COST/SELLING PRICE X ACCOMODATIONS 8 25669 COST/SELLING PRICE X GIFT CERTIFICATES/MEMORABILIA/MISC GIVEAWAYS 20 4581 COST/SELLING PRICE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION IS MANAGED BY AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, TREASURER, COMMITTEE CHAIRS, AND SUCH OTHER TRUSTEES AS MAY BE APPOINTED BY THE CHAIRMAN. THE CHAIRMAN SHALL APPOINT THE OTHER MEMBERS OF THE EXECUTIVE COMMITTEE SUBJECT TO APPROVAL BY RESOLUTION ADOPTED BY THE BOARD OF TRUSTEES. EACH MEMBER OF THE EXECUTIVE COMMITTEE SHALL BE A TRUSTEE OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY SHALL BE LIMITED BY THE RESOLUTION APPOINTING THE EXECUTIVE COMMITTEE AND EXCEPT ALSO THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO AMEND THE ARTICLES OF INCORPORATION, ADOPT A PLAN OF MERGER OR CONSOLIDATION, CONDUCT THE SALE, LEASE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION, CAUSE A VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR A REVOCATION THEREOF, OR AMENDING BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE PERFORMS A DETAILED REVIEW OF THE FORM 990. UPON COMPLETION OF THE FINANCE COMMITTEE'S REVIEW, A FINAL DRAFT IS EMAILED TO THE ENTIRE GOVERNING BODY FOR FINAL APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS/TRUSTEES, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS. EACH DIRECTOR/TRUSTEE, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS REVIEWED BY THE BOARD OF TRUSTEES AND/OR EXECUTIVE COMMITTEE. IF CONFLICTS ARE DETERMINED, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE MEETING/DECISIONS AND WILL REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR IS CONDUCTED ANNUALLY BY THE BOARD OF TRUSTEES. COMPENSATION LEVELS ARE DETERMINED BASED ON REVIEW OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN SIMILARLY SITUATED ORGANIZATIONS AS WELL AS THE INDIVIDUAL'S PERFORMANCE. OTHER EMPLOYEES' COMPENSATION AMOUNTS ARE DETERMINED AT THE DISCRETION OF EITHER THE ARTISTIC DIRECTOR OR THE EXECUTIVE DIRECTORS, OR BOTH IN CONSULTATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE ORGANIZATION'S STATEMENT OF ACTIVITIES CAN BE FOUND IN THE ANNUAL REPORT ON THE COMPANY'S WEBSITE.